1, MILL CLOSE, PICCOTTS END, HEMEL HEMPSTEAD, HP1 3AX - £795,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 MILL CLOSE is a very large extended detached house of 207m², built sometime between 1950 and 1966. It was last sold for £795,000 in December 2020, which was around 9% below the average December 2020 detached price in the Dacorum local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was C.

1 MILL CLOSE Sold Prices

Land registry data shows four sales for 1 MILL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Dacorum local authority area for the corresponding sale date. Most of the four 1 MILL CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 15 DEC	£795,000	£877,966	9% below HPI
2006 18 AUG	£435,000	£463,044	6% below HPI
1998 5 JUN	£171,000	£215,677	21% below HPI
1995 14 JUL	£159,000	£153,393	4% above HPI

1 MILL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dacorum local authority area over time, sourced from the HPI. The four 1 MILL CLOSE sales between July 1995 and December 2020 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2006 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the December 2020 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 1 MILL CLOSE?

1 MILL CLOSE is 207m², which includes two extensions, according to the EPC inspection conducted in July 2019. This puts it in the largest 20% of detached houses in Hemel Hempstead, based on EPC data. The below chart shows the distribution of detached houses by size in Hemel Hempstead, and where 1 MILL CLOSE lies on this distribution: 89% of detached houses are smaller than 1 MILL CLOSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Hemel Hempstead.

1 MILL CLOSE: Plot and Title Map

1 MILL CLOSE sits on a plot of roughly 0.170 of an acre, or 686m². The below map shows the location of 1 MILL CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 MILL CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 MILL CLOSE?

1 MILL CLOSE is located in PICCOTTS END, in the HP1 postcode district. The below map shows the position of No. 1 on MILL CLOSE.